Question: CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 11 Incorrect Mark0.00 out of 3.00 P Flag question Inventory Costing Methods and the Periodic Method McKay &
CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 11 Incorrect Mark0.00 out of 3.00 P Flag question Inventory Costing Methods and the Periodic Method McKay & Company experienced the following events in March: Date Event Units Mar. 1 Purchased inventory 100 60 Mar. 15 Purchased inventory 100 40 Unit Cost Total Cost $15 $1,500 Mar. 3 Sold inventory 18 $1,800 Mar. 20 Sold inventory If McKay & Company uses the weighted-average cost method, calculate the company's cost of goods sold and ending inventory as of March 31 assuming the periodic method. (Round answer to two decimal places, if needed.) Weighted-average cost per unit Cost of goods sold Ending inventory Check
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